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Truck Rental in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Rental in Canada Market Research Report | NAICS 53212CA | Mar 2014

Clearer road: Housing starts and consumer spending will drive up truck rental demand

IBISWorld’s Truck Rental market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
6,844
Businesses
598
Industry Analysis & Industry Trends

Although demand for truck rentals and leases waxed and waned, the industry received an overall net increase in demand over the five years to 2014. Increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market going forward. Indeed, regulation aimed at lowering emissions from long-haul tractor-trailers and large pickup trucks by 23.0% by 2019 will require downstream customers to either purchase or lease new vehicles. IBISWorld expects that the majority of companies will lease their trucks from industry operators as downstream fleet operators seek more predictability and flexibility in their cost structures... purchase to read more

Industry Report - Industry Locations Chapter

The industry is generally spread according to share of population. Industry operators locate themselves close to businesses and consumers because these segments will not travel excessive distances to rent or lease industry products. The majority of industry sales are completed in Ontario and Quebec, which combine for an estimated 55.8% of revenue in 2014, according to data sourced from Statistics Canada. With a population of more than 34.0 million dispersed over a large geographic area, the majority of the population tends to live in the southern part of the country, which is also the home to 17 of Canada's largest cities... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Rental Industry?

This industry primarily rents or leases trucks, truck tractors, utility trailers, semitrailers, recreational vehicles (RVs) and buses without drivers. Vehicle retailing activity is excluded from this industry. Companies that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249CA).

Industry Products
Truck leases and rentalsTractor leases and rentalsTrailer leases and rentalsOther leases and rentals
 
Industry Activities
Renting trucks, truck tractors, buses, RVs, utility trailers and semitrailersLeasing trucks, truck tractors, buses, RVs, utility trailers and semitrailers


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